|Property / Loan Information|
|Property Type||Single Family Residence|
|Lien Position||1st TD|
|LTV on Appraisal||26.89%|
|Loan Type||Consumer Bridge Loan|
|Amortization||Interest Only Due in 11 mos.|
Borrowers received a consumer bridge loan to close the purchase of this new home which is being built.
Subject is a 2 story, 4 bdrm/3 full ba Single Family Residence located in the gated community of Laguna Altura in Irvine. The Property measures 2,459 sf of gross living area, and is situated on a 4,235 sf lot.
Mortgage Vintage, Inc. was able to fund this hard money loan in Irvine, CA, within 3 business days from receiving the signed Term Sheet.